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Global energy production has increased over the past decade Authentic Stephon Gilmore Jersey , from 15,409.0 TWH in 2000 to 23,536.5 TWH in 2014. This has also led to the increasing need for expanding T&D networks globally; new T&D infrastructure needs USD 1.9 Trillion in cumulative investment by 2024 to meet the growing energy demands.
This includes substations, power lines, and associated equipment and new technology. Governments worldwide are investing in T&D network expansion projects Authentic Tom Brady Jersey , increasing the demand for power transformers. The power transformer market is projected to reach USD 29.9 Billion by 2020, from USD 20.7 Billion in 2015, at a CAGR of 7.6% during the forecast period.
The report covers major market players such as ABB (Switzerland), Siemens (Germany), Crompton Greaves (India) Authentic Julian Edelman Jersey , and General Electric (U.S.) among others. These companies together occupy about half of the power transformer market.
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Scope of the report
On the basis of rating
鈥?Small Power Transformer (Up to 60MVA)
鈥?Medium Power Transformer (61 - 600MVA)
鈥?Large Power Transformer (Above 600MVA)
On the basis of type of cooling method
鈥?Oil-Cooled
鈥?Air-Cooled
On the basis of Region
鈥?North America
鈥?South America
鈥?Asia-Pacific
鈥?Middle East
鈥?Europe
鈥?Africa
Browse 67 market data tables with 38 figures across 157 pages and in-depth TOC on 鈥淧ower Transformer Market - Global Trends & Forecasts to 2020"
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鈥?This research study involves the extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek Jake Bailey Jersey , Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial study of the power transformer market.
鈥?In-depth interviews have been conducted with various primary respondents that include key industry participants, subject matter experts Jarrett Stidham Jersey , C-level executives of key market players, and industry consultants among other experts.
鈥?The market for the power transformer report was arrived at by using regional data for the T&D expansion projects and the relative investments in the T&D sector. Finally, the global values were arrived at by adding the power transformers markets for individual regions.
鈥?After arriving at the overall market size, the total market has been split into several segments and subsegments. In order to complete the overall market engineering process and arrive at exact statistics for all the segments and subsegments, the data triangulation and market breakdown procedure has been employed Hjalte Froholdt Jersey , wherever applicable.
鈥?The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
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Currently, small power transformer is the largest segment of the power transformer market, primarily due to its use in various applications. However, large power transformer is the fastest growing segment. With countries emphasizing on reducing transmission losses Yodny Cajuste Jersey , the use of high voltage transmission technologies such as EHV, UHV, and HVDC has also gone up.
Oil-cooled power transformer segment is projected to hold a larger market size as compared to air-cooled power transformers. This is due to the fact that oil-cooled power transformers are considered safer while dealing high voltage applications. With growing high voltage transmission network expansion activities, the oil-cooled power transformer market is expected to grow at a higher CAGR during the forecast period.
Asia-Pacific was the largest market for power transformers in 2014, and is expected to dominate the market till 2020. Europe is the second largest market Damien Harris Jersey , partly due to the replacement of aging infrastructure activities going on in the region. Meanwhile, Asia-Pacific is also the fastest growing market for power transformers, as the region is witnessing some of the largest T&D expansions being carried out due to rapidly increasing demand in countries such as India and China.
Available Customizations:
The available customization for the power transformer market report includes the following:
鈥?Detailed analysis and profiling of additional market players (Up to 5)
鈥?Country-wise analysis can be extended by one country for every region
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MarketsandMarkets鈩?provides quantified B2B research on 30,000 high growth niche opportunitiesthreats which will impact 70% to 80% of worldwide companies鈥?revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets鈩?for their painpoints around revenues decisions.
MarketsandMarkets鈥檚 flagship competitive intelligence and market research platform Chase Winovich Jersey , "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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